You need sign a contract with the landlord and negotiate the price for the rent fee and the period for the rent time. The rent fee is usually paid by monthly instalments, and some landlords prefer payments by direct debit, while others prefer bank cheques. On contract some landlords want you to pay the land rates, and so before signing the contract make sure you have read every detail.
The rent time normally is about three to eight years depending on the contract. During midway through the period you have one entitlement to have a break, otherwise known as the break period. For example, if the contract is six years you can stop the contract at the end of the third year, but if you pass the break period then you cannot holt the contract.
When it comes time to sign the contract you both you and the landlord are required to each have a lawyer present for the signing. The lawyers will help define all clauses and help clarify the responsibilities of each party. For example, if the property sustains any damage, then the renter or person who took out the lease will responsible for the damage and will have to pay for it. On the other hand, the landlord needs keep the property well maintained.
(Source: www.stuff.co.nz)
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